Three pieces of news from the the Czech Republic seem to confirm this country as a great place to invest in property.

Car industry gears up to produce wealth

Firstly, the Moravskoslezsky region - also known as Moravia Silesia - in the east of the country has resolved the difficulties it was having trying to persuade landowners to sell plots of land in the industrial zone of Nosovice where South Korean car maker Hyundai looks likely to establish a car manufacturing plant.

There are now no barriers to the company establishing a CZK 35bn-40bn European car plant there to build 300,000 cars a year. A decision is expected within a month.

A highly industrialised region, known in communist times as the Steel Heart of the Country because of the dominance of its heavy industry, especially steel works and coal mining, Moravia has experienced rising unemployment since the fall of communism, and the declline of heavy industries.